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Fed decision: policy statement warns economy losing steam

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I know this is not breaking news…however as least the Fed, now admits it.

Maybe they need to take a ‘drug test’ too.

“The pace of recovery in output and employment has slowed in recent months,” the Fed said in its statement. It said while it still expects the economy to grow, the improvement will be “more modest in the near term than had been anticipated.”

via Fed decision: policy statement warns economy losing steam – Aug. 10, 2010.

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Written by admin

August 10, 2010 at 6:11 pm

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